Quick Answer
Morgan Stanley Direct Lending Fund reported Shares Outstanding of 86.28 million shares for fiscal year 2025.
Morgan Stanley Direct Lending Fund Shares Outstanding — Annual History
| Fiscal Year | Shares Outstanding | YoY Change |
|---|---|---|
| 2025 | 86.28M | -2.5% |
| 2024 | 88.51M | +6.3% |
| 2023 | 83.28M | +18.1% |
| 2022 | 70.54M | +24.1% |
| 2021 | 56.84M | +278.3% |
| 2020 | 15.02M | — |
Quarterly Shares Outstanding
| Quarter Ending | Shares Outstanding | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | 86.81M | -2.5% | -0.2% |
| June 30, 2025 | 86.96M | -2.7% | -1.2% |
| March 31, 2025 | 88.02M | -1.0% | -0.6% |
| December 31, 2024 | 88.51M | +6.3% | -0.6% |
| September 30, 2024 | 89.01M | +23.6% | -0.4% |
| June 30, 2024 | 89.41M | +25.1% | +0.6% |
| March 31, 2024 | 88.89M | +25.2% | +6.7% |
| December 31, 2023 | 83.28M | +18.1% | +15.6% |
- Morgan Stanley Direct Lending Fund showed a decrease of -2.5% in Shares Outstanding compared to the prior fiscal year.
- Over the 2020–2025 period, Morgan Stanley Direct Lending Fund’s shares outstanding has grown by 474.2% (from 15.02 million shares to 86.28 million shares).
- The most recent figure is from Morgan Stanley Direct Lending Fund’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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